Coran Ober P.C. Blog
What is the 500 Feet Rule?
Some of my clients inquire about the five hundred foot law, and in New York state, if you have an on-premises liquor license, there can be no more than three locations within a five hundred foot distance. So often, my clients come to be thinking that because there is...
read moreWhat is the 200 foot Rule?
The two hundred foot law is a regulation that prohibits a liquor license from being issued to a premises that is within two hundred feet of a school, church, synagogue or other place of worship. My clients are often surprised to find out about this rule and it often...
read moreWhat is Important to Know about Buying a Business?
When you buy a business, you have many factors that you have to consider. First, you have to determine is whether or not the seller has established the proper value for the business. That is determined by many factors. The first and most important one is, what are...
read moreWhat is a Trademark?
If a company provide goods or services, and they brand those services, they have what’s called a trademark. A trademark will tell the public the source of that good or service. A trademark can be a very useful business asset and in certain circumstances, I recommend...
read moreWhat is a Trade Secret?
A trade secret is a very important aspect of a company’s intellectual property. A trade secret can be a piece of information that, while not particularly protectable under regimes like copyright or trademark, provide a competitive advantage to the business. The most...
read moreWhat is a Mortgage Contingency?
When buying a piece of real property, the contract will often call for what’s called a mortgage contingency. This provision addresses the financing that they buyer receives from a bank or other source. If they cannot obtain a mortgage, than the contract can be...
read moreLimited Partnerships
A limited partnership can be a very useful vehicle for some clients. A general partnership is just an agreement between two parties, whereas a limited partnership sets forth an arrangement between a limited partner and a general partner. A limited partner may often...
read moreWhat is a Healthcare Proxy?
A healthcare proxy is an important document that will give a person - usually a family member - the ability to make medical decisions for you in the event you are unable to due to incapacity. Many of my clients who come in for a Will often opt to have a healthcare...
read moreDefault Provisions
Most contracts have a default provision. The default provision sets forth the conditions under which one of the parties will not have fulfilled its obligations under the contract. For example, failing to deliver goods or services on time, or failing to pay on time...
read moreCopyright
When someone creates a tangible expression, such a photograph, a writing, or even software code, they have what is called a Copyright. It’s the rights regarding the copying, distribution and duplication of that expression. In certain circumstances, I recommend that my...
read moreWhat Happens if I Die Without a Will?
If a person dies without a will, then their assets are disposed of in accordance with intestacy laws. Intestacy is a default provision set up by the government stating who would get your assets, and for many of my clients, that’s not where they want their assets to...
read moreWhat Happens if a Board Rejects Me?
As part of the process of purchasing a cooperative apartment, you often have to apply for approval from the board of that cooperative. Clients may ask me what my recourse is if I am not approved by the board. Unfortunately, boards have very broad discretion of who...
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